CGB cann global limited

...wish to participatein the Offer on the same terms as other applicants.

  1. 240 Posts.
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    I'm still in the dark about this waver in the replacement prospectus:

    "As stated in Section 6.9, Sholom Feldman and Pnina Feldman wish to participatein the Offer on the same terms as other applicants. The Company has received awaiver of Listing Rule 10.13.3 to allow it to issue such Shares to Sholom Feldmanand Pnina Feldman within 3 months (rather than 1 month) from the date of theGeneral Meeting."

    In my view "on the same terms" means just that. So I don't understand the significance of this waiver.

    The terms include not just a price but also a requirement to pay funds before a deadline. If they participated in the offer and paid their money before the deadline like everyone else then what exactly are they getting from this clause?



 
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Currently unlisted public company.

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